April 19, 2012 2:04 PM

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Country's exports grew by 21 per cent to 303.7 billion dollar in 2011-12 over the previous fiscal, while imports shot up by 32.1 per cent. Commerce Secretary Rahul Khullar said in New Delhi today, imports reached 488.6 billion dollar, leaving a trade deficit of 184.9 billion dollar.He said, this is the highest trade deficit and is a serious concern. Mr. Khullar also said, gold imports, which contributed in increasing the bill, is expected to decline in the currentfiscal due to the duties imposed by the government.

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